Hillman Joins Bank of America to Head Marine Manufacturer Relations

CHARLOTTE, N.C., April 6 /PRNewswire/ -- Bank of America announced today that Verdell Hillman has joined its Dealer Financial Services group as senior client manager for recreational boat manufacturers across the United States.

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In his new role, Hillman represents a team of financial, product and industry experts who leverage the resources of Bank of America to meet the financial needs of boat manufacturers and dealers in the marine industry.

"We are thrilled to have Verdell join the Bank of America team," said John Fulmer, national sales executive for recreational vehicle, marine and motorcycle. "He brings a wealth of industry knowledge and is ideally suited to fill this role, which is a new one we have created in response to the growth and increasing importance of our manufacturer relations."

Hillman has 42 years of experience in dealer financing, including lengthy tenures with General Motors Acceptance Corporation, Borg-Warner Acceptance Corporation and Brunswick Corporation. He comes to Bank of America from Genmar Holdings, Inc., where he had worked since 1999 and was most recently vice president of credit and dealer development.

Hillman will be based out of his home in Stanwood, Wash., just north of Seattle.

Through its Dealer Financial Services unit, Bank of America provides retail loan financing and the full range of commercial banking services to dealers in the automobile, recreational vehicle, marine and motorcycle industries across the United States. These services include comprehensive inventory financing, commercial loans, depository services, and merchant and treasury management services. Bank of America has relationships with more than 10,000 dealer clients and manages over $38 billion in consumer and commercial loans through Dealer Financial Services.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 38 million consumer and small business relationships with more than 5,800 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 14 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 97 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock is listed on the New York Stock Exchange.

http://www.bankofamerica.com/